• FINRA Proposes New Rules Governing Communications with the Public
  • October 22, 2009
  • Law Firm: Winston & Strawn LLP - Chicago Office
  • On September 21, 2009, FINRA issued Regulatory Notice 09-55, requesting comments on proposed new rules governing communications with the public by FINRA member broker-dealers. The new rules would replace current NASD Rules 2210 and 2211, related interpretive material, and parts of Incorporated NYSE Rule 472. While based on the current requirements, the new rules are intended to revise and update them, including streamlining the categories of communications to which the requirements apply. The new rules would revise the filing requirements for new firms, require filing of communications that currently are not required to be filed, and make other changes to the rules governing communications by broker-dealers.